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SK Hynix's quarterly revenue growth has more than doubled, benefiting from strong demand for AI computing power.
SK Hynix has announced that its second-quarter revenue has more than doubled, and that its capital expenditures for the year may exceed previous plans, possibly indicating that the global AI hardware spending spree could continue this year. SK Hynix is an important partner of Nvidia's AI computing chip. The company reported quarterly revenue of 16.4 trillion won ($11.9 billion), better than expected, with high-bandwidth storage chip revenue up more than 250%. Boosted by rising DRAM and NAND prices, operating profit for the three months ending in June also exceeded expectations, reaching 5.47tn won with an operating margin of 33%. SK Hynix said,
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精明能干的安妮 : Do you think when can down to $90)
103587782 : After stock split from 900
Chris gogo : If you think it will drop to $90, you should have convinced sources or evidence instead of gambling / guessing here.
LeoforDharma : Seems like the last of shorters are dumping the stocks. So it means stability is between 105 and 107.
The way it is going, it wont go down the 100 dollar as resistance is seen already.
But the market is crazy now ... so who knows whats wormhole is going to appear......
Space Dust : will be below 90.. March would be an optimistic value.
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